FinTech Update
November 2018 - Volume 1
Bank of England tests finance sector's cyber security
Day-long war gaming exercise evaluates how prepared the UK's financial sector is to cyber attacks
Will Mettle Become The Netflix Of Digital Banks For SMEs?
November 2018 saw Royal Bank of Scotland launch Mettle, a standalone digital bank for SMEs in collaboration with consultancies 11:FS and Capco
Dubai's first regulated cryptocurrency exchange launches
Crypto Bulls, Gold Gulf Coin (GGC), and the Al Zarooni Foundation have collaborated to launch the first registered cryptocurrency exchange in the UAE
Singapore regulator preps US$5bn for finance investment
Wants a "stronger platform for growth finance and infrastructure development".
Lloyds Banking Group to add 2,000 jobs in digital shake-up
Bank to cut 6,000 existing jobs but create 8,000 new positions
Seven international banks agree to launch digital trade finance
Seven banks, including HSBC and Banco Santander, have signed an MoU to create a global digital network in trade finance
Goldman Sachs bank Marcus attracts 50,000 savers in less than two weeks
Hard-pressed savers have flocked to open accounts with Goldman Sachs new consumer-facing bank Marcus.
Asia Needs a Region-Wide Approach to Harness Fintech's Full Potential
Asia’s policymakers should strengthen cooperation to harness the potential of new financial technologies for inclusive growth.
Austria to be the first EU country to issue government bond on blockchain
Austria’s government will use the Ethereum blockchain to issue €1.15 billion ($1.35 billion) of government bonds in a Federal Bond Auction.